October 29, 2018
NRG Retail Brands Acquiring Retail Customer Books, Brand Assets From Texas REP
Note: This story was first published the evening of Oct. 29 at 5:35 pm with an alert to our email subscribers
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Mergers, Acquisitions & Finance
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October 25, 2018
Purchase Price, Identity Of Customer Book Acquired By Spark Energy Revealed
Note: This story was first published at 12:20 pm on Oct. 25 with an alert to our email subscribers
October 25, 2018
Update: Further Details On Customers Included In BlueRock Customer Book Sale
More details have emerged concerning the customers included in the previously announced sale of certain BlueRock Energy customers to Marathon Energy
October 22, 2018
Spark Energy Announces Acquisition of Mass Market Customer Book
Spark Energy, Inc. ("Spark" or the "Company") today announced that the Company has signed a definitive agreement to acquire approximately 60,000 residential RCEs from a retail energy provider in the Mid-Atlantic and Midwest regions.
October 19, 2018
China Investment Corporation To Invest In Parent Of Retail Suppliers
ECP ControlCo, LLC applied at the Public Utility Commission of Texas for approval for China Investment Corporation ("Investor" or "CIC"), through its indirect subsidiaries, to acquire a passive limited partnership interest of 5 percent or greater in an ECP entity that indirectly owns 100 percent of…
October 18, 2018
Retail Supplier Acquires Book Of Customers From NY-based ESCO
Note: This story was first published on Oct. 18 with an alert to our email subscribers
October 15, 2018
Direct Energy Business To Acquire Retail Supplier
Direct Energy Business, a subsidiary of Centrica plc, announced today an agreement to purchase the retail electricity business of Source Power & Gas LLC, a wholly owned indirect U.S. subsidiary of Australian power company ERM Power Limited
October 11, 2018
Commodities Firm Makes "Material Investment" In Texas Retail Provider
Teleios Commodities, LLC announced a "material investment" in Pulse Power, LLC, a Texas-based start-up retail energy provider.
October 10, 2018
Retail Supplier Acquires Solar Power Developer
Constellation announced that it has acquired PFMG Solar LLC, a subsidiary of Spear Point Energy, LLC.
October 4, 2018
Parent Enters Into Agreement To Sell Retail Power & Gas Business
Note: The following story was first posted at 8:40 p.m. on October 4, with an alert to our email subscribers
September 24, 2018
EDF Renewables To Acquire 50% Stake In Solar, DG Firm
-- Forms Strategic Partnership To Offer Comprehensive Suite To C&I Customers
EDF Renewables North America and EnterSolar, a provider of distributed generation solar solutions to corporate commercial and industrial (C&I) customers, announced a strategic partnership whereby EDF Renewables will acquire a 50 percent interest in EnterSolar, under which the companies will offer…
September 21, 2018
PUC Accepts Utilities' Merger Settlement's Retail Choice Provisions, Requires Utility To Propose Expansion Of Purchase Of Receivables (POR) Program
Adopted Stipulation Addresses Other Retail Choice Issues As Well
The Pennsylvania PUC conditionally adopted a settlement which approves the merger of the three individual UGI natural gas utilities into a single utility
September 18, 2018
Broker Sells Customer Books, Assets To Two Firms
Note: This story was first published the morning of Sept. 18 with an alert to our email subscribers
September 13, 2018
Just Energy Group Inc. Announces A US$250 Million Multi-Draw Term Financing, Provides Capital To Fund Ongoing Organic Growth, Accretive Acquisitions
Just Energy Group Inc. ("Just Energy" or the "Company") announced that it has entered into a US$250 million (approximately C$325 million equivalent) non-revolving multi-draw senior unsecured term loan facility (the "Loan') with Sagard Credit Partners, LP (SCP) and certain funds managed by a leading…
September 11, 2018
Parent Sells C&I Retail Supply Business
AltaGas Ltd. announced that it has entered into definitive agreements for the sale of non-core midstream and power assets in Canada, including its Canadian C&I retail supply business, and power assets in the United States, for total proceeds of approximately $560 million (all $ Canadian unless…
September 10, 2018
Retail Supplier To Acquire Provider of Home Water Filtration Technology
-- Strategic acquisition advances Just Energy’s transformation to a value-added consumer products provider
September 7, 2018
Parent To Divest Retail Supplier, Says Sale Process "Well Advanced"
In recently reporting earnings, ERM Power Limited said that a sale process for its U.S. business Source Power & Gas, "is well advanced."
September 6, 2018
Retail Supplier Parent Invests In Solar Company, Nears Completion of Strategic Transition To Retail Energy Business Model
Genie Energy Ltd., the ultimate parent of IDT Energy and various other retail energy brands, announced that, "it has substantially completed its strategic transition to a retail energy provider model with an investment in a domestic solar energy company and sale of a stake in its Israel-based…
September 5, 2018
Centrica (Direct Energy Parent) Acquires U.S. Solar Company
Centrica plc has announced the acquisition of Vista Solar, a California-based solar engineering, procurement and construction (EPC) company.
September 2, 2018
Retail Supplier In Negotiations To Be Sold
Note: This story was first published on Sept. 2 with an alert to our email subscribers
August 29, 2018
FirstEnergy Solutions Receives No Additional Qualifying Bids For Retail Book, Aside From Constellation Stalking Horse Bid
FirstEnergy Solutions informed a bankruptcy court that it did not receive any qualified bids (other than the qualified bid submitted by the Stalking Horse Purchaser, which is Constellation) for its retail customer book prior to a bid deadline.
August 28, 2018
Retail Supplier Files For Bankruptcy
Note: This story was first published the evening of Aug. 28 with an alert to our email subscribers
August 24, 2018
Just Energy Issues Statement On Recent Market Activity
• Just Energy's fiscal year begins on April 1
August 16, 2018
Parent Of Retail Supplier Reports Quarterly Results
Zenergy Brands, Inc., which as previously reported recently acquired retail electric provider Enertrade Electric and also offers various energy efficiency and services, reported a loss from operations of $1.0 million, and a net loss of $1.5 million, for the three months ended June 30, 2018, versus a…
August 16, 2018
Energy Shopping Website Offering Retail Buying Service, Green Products Secures $25 Million In Funding
Opower Founder and President To Join Site's Board Of Directors
Arcadia Power, describing itself as, "developers of the first nationwide digital utility," announced the closing of a $25 million Series B funding round led by G2VP, with participation from ValueAct Spring Fund, McKnight Foundation, Energy Impact Partners, Cendana Capital, Wonder Ventures, BoxGroup…